Sampath Bank records Rs 3.82 b PAT

Sampath Bank will consider tier two funding to
broad-base its capital structure and boost up the reserves by
issuing rupee and dollar bonds and debentures. We are already in
discussions with three to four interested parties on dollar bonds
and still the options are open.

Laugfs, SLINTEC tie up for natural mineral sand processing

Laugfs Holdings Limited entered into a strategic
agreement with Sri Lanka Institute of Nanotechnology (SLINTEC) to
process natural mineral sands for value addition. The landmark
agreement was signed yesterday creating a PPP venture to set up
country’s first ever plant to produce titanium dioxide from mineral
sand.

Project to empower entrepreneurs

Blue Ocean Ventures and the Indian Angel Network
in collaboration with Dialog Axiata and ExpoLanka yesterday launched
a special project ‘Venture Engine’ with a view to empowering Sri
Lankan budding entrepreneurs.

The three day
Textech Sri Lanka 2012 International Expo along with
10th Dye+Chem Sri Lanka 2012 International Expo and
third Colombo International Yarn and Fabric Show 2012
organized by CEMS Global local arm CEMS Lanka were
opened yesterday at Sri Lanka Exhibition and Convention
Bureau Colombo. The exhibitions showcase assembling
worldwide technology, machinery and material
manufacturers under one roof for the benefit of the
garment and textile sector. A keen participant at the
exhibition. Picture by Nissanka Wijeratne